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529 Account Basics: Knowing the Pros and Cons
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529 Account Basics: Knowing the Pros and Cons

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529 accounts are a great way to save money for your child's college education. Before getting involved in a 529 plan you should know the pros and cons that are involved. Learn about them in this ...

529 accounts are a great way to save money for your child's college education. Before getting involved in a 529 plan you should know the pros and cons that are involved. Learn about them in this presentation from Mullooly Asset Management.

http://www.mullooly.net/529-plans-know-the-pros-and-cons-involved/5307

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529 Account Basics: Knowing the Pros and Cons 529 Account Basics: Knowing the Pros and Cons Presentation Transcript

  • Mullooly Asset Management Podcast January 30, 2013Mullooly Asset Management January 2013
  • Pros of 529 AccountsOne consolidated accountSome tax benefits (if child attends school in state)Withdrawn money excluded from income to extent of qualified higher education expenses. Mullooly Asset Management January 2013
  • Cons of 529 AccountsInvestments often loaded with feesLimited investment optionsLimited ability to make changesWithdrawn earnings subject to tax and 10% penalty (if not used for qualifying expenses) Mullooly Asset Management January 2013
  • None of the securities mentioned in this (or any) podcast orvideo represent past specific recommendations of MulloolyAsset Management.This video is NOT a recommendation to buy or sell any ofthe securities mentioned here.If you’re relying on a podcast for investment advice, you arelikely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buy orsell any investment. Mullooly Asset Management January 2013
  • Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management January 2013
  • Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management January 2013